Cognitive Credit secures $40m to expand credit data and AI platform
Summit Partners leads the growth investment, with ETFS Capital returning, as the company expands in the United States and develops private-credit analysis tools.
Cognitive Credit announced a completed $40 million strategic growth investment on 22 October. Summit Partners led the financing, with existing investor ETFS Capital participating. Summit partner Chris Bon joined the board.
The London company provides structured corporate credit data, financial models, analytics and specialist AI tools to investment banks and asset managers. Its platform covers more than 3,500 bond and loan issuers.
The investment will support commercial expansion in the United States and new products, including DealConnect for private-issuer credit models and agentic credit analysis. Cognitive Credit also plans to extend its issuer coverage into additional markets.
Use of funds
Expand U.S. commercial operations
Develop DealConnect and agentic credit analysis
Extend issuer and market coverage